Content about Hardlines

December 22, 2014

The Home Depot elevated 14 year veteran Ted Decker to the role of EVP of merchandising to oversee all aspects of merchandising strategy and operations.

The Home Depot elevated 14-year veteran Ted Decker to the role of EVP of merchandising to oversee all aspects of merchandising strategy and operations.

Decker had previously served as SVP of retail finance, pricing analytics and assortment planning. He assumes his new role August 4 and will report to Craig Menear, Home Depot’s president of U.S. retail.

December 22, 2014

Executives from The Home Depot, Warby Parker and Chico’s will receive top honors from the retail industry next month when the National Retail Federation convenes its annual Big Show in New York.

Executives from The Home Depot, Warby Parker and Chico’s will receive top honors from the retail industry next month when the National Retail Federation convenes its annual Big Show in New York.

December 22, 2014

The merchandising organization at Walmart is being transformed again following the departure of EVP and chief merchandising officer Duncan Mac Naughton which triggered several other high level moves.

The merchandising organization at Walmart is being transformed again following the departure of EVP and Chief Merchandising Officer Duncan Mac Naughton, which triggered several other high level moves.

December 12, 2014

A $43.5 million fine has been levied against 10 Wall Street firms for doing what they were asked by Toys “R” Us as the retailer prepared an ill-fated public stock offering in 2010.

A $43.5 million fine has been levied against 10 Wall Street firms for doing what they were asked by Toys “R” Us as the retailer prepared an ill-fated public stock offering in 2010.

The Financial Industry Regulatory Authority (FINRA) levied the $43.5 million fine against the 10 investment banks – but not Toys “R” Us – for allowing their equity research analysts to solicit investment banking business and offer favorable research coverage in connection with the retailer’s planned IPO in 2010.

December 10, 2014

The holiday season started strong at Costco where U.S. same store sales advanced 7 percent during the company’s first quarter ended Nov. 23.

The holiday season started strong at Costco where U.S. same store sales advanced 7 percent during the company’s first quarter ended Nov. 23.

Total company sales during the period increased 7 percent to nearly $26.3 billion from $24.5 billion. Membership income grew slightly slower, advancing 6 percent to $582 million. Same stores sales excluding the effects of the strengthening U.S. dollar and fuel price deflation were 7 percent and U.S. and international locations.

December 9, 2014

The nation’s leading automotive retailer credited investments in inventory and favorable weather with helping it achieve its 33rd consecutive quarter of double digit earnings growth.

The nation’s leading automotive retailer credited investments in inventory and favorable weather with helping it achieve its 33rd consecutive quarter of double digit earnings growth.

The company said sales for its first quarter ended Nov. 22 increased 8 percent to $2.3 billion while same store sales increased 4.5 percent. Profits for the period increased 9.3 percent to $238.3 million while earnings per share advanced 15.6 percent to $7.27 and were aided by the company’s repurchase of 571,000 shares.

December 9, 2014

As gas prices decline and American’s drive more, Pep Boy should be in a position to benefit from a resulting demand for automotive maintenance with its unique parts and service model.

As gas prices decline and American’s drive more, Pep Boy should be in a position to benefit from a resulting demand for automotive maintenance with its unique parts and service model.

December 8, 2014

In-store mobility is transforming the way retailers engage customers. Customers will seek out stores that easily enable them to use their mobile devices to research products and check prices. Thus, retailers will want to beef up their network capacity, security, and Wifi capabilities. 

In-store mobility is transforming the way retailers engage customers. These new customer engagement programs are resulting in dramatic changes to the store network to ensure successful rollouts. Customers will seek out stores that easily enable them to use their mobile devices to research products, read reviews, and check prices to gain the confidence required to make the right purchase.

December 7, 2014

Easy access to an expanded offering of online inventory is the premise behind Staples Exchange, a marketplace-like concept that allows suppliers to leverage Staples’ online presence.

Easy access to an expanded offering of online inventory is the premise behind Staples Exchange, a marketplace-like concept that allows suppliers to leverage Staples’ online presence.

Staples doesn’t call its new Staples Exchange a marketplace – the term used by Amazon to describe the massive aggregation of third party sellers on its site – but rather and a world-class platform that makes it easy for suppliers to offer products to Staples customers.

December 7, 2014

Social media is front and center at Jo-Ann Fabric and Craft Stores this holiday season with the retailer tapping into customers’ desire to share with the introduction of the Holiday Hub.

Social media is front and center at Jo-Ann Fabric and Craft Stores this holiday season with the retailer tapping into customers’ desire to share with the introduction of the Holiday Hub.

December 5, 2014

Weakening demand for guns and ammunition contributed to a 6.2 percent decline in same store sales at outdoor retailer Sportsman’s Warehouse Holdings.

Weakening demand for guns and ammunition contributed to a 6.2 percent decline in same store sales at outdoor retailer Sportsman’s Warehouse Holdings.

The comp decline was offset by an increase in new stores which allowed the company to grow sales by 4.3 percent to $182.5 million and end the third quarter on Nov. 1 with 55 stores. Profits on an adjusted basis to exclude non-recurring expenses were $8.9 million, or 21 cents a share, compared to $7.1 million, or 17 cents a share.

December 5, 2014

Seasonal excitement at seven of Gander Mountain’s 154 stores is being driven by a train-themed merchandising initiative called the Holiday Express.

Seasonal excitement at seven of Gander Mountain’s 154 stores is being driven by a train-themed merchandising initiative called the Holiday Express.

In a first-of-its-kind effort, seven stores in Florida, Minnesota, Missouri, New York and Virginia feature the large seasonal display filled with activities and an area where kids can have a free photo taken with Santa.

December 4, 2014

Kmart eked out a positive third quarter same store sales increase, but parent company Sears Holdings still reported a $548 million loss while CEO Edward Lampert claimed customers are responding to transformation efforts.

Kmart eked out a positive third quarter same store sales increase, but parent company Sears Holdings still reported a $548 million loss while CEO Edward Lampert claimed customers are responding to transformation efforts.

November 26, 2014

Basketball season is just now getting underway but next spring when top high school teams square off at a tournament in New York Dick’s Sporting Goods will be there as title sponsor of the event.

Basketball season is just now getting underway but next spring when top high school teams square off at a tournament in New York Dick’s Sporting Goods will be there as title sponsor of the event.

For the second consecutive year, Dicks will serve as title sponsor of the event to be held April 2-4, 2015 and televised on ESPN networks.

November 24, 2014

Black Friday is known for great deals, but a new study shows that consumers may want to add one more item to their holiday shopping carts.  

Black Friday is known for great deals, but a new study shows that consumers may want to add one more item to their holiday shopping carts.  

Product protection plan leader Asurion recently surveyed consumers and nearly one-third of the items they purchased last Black Friday broke in less than a year. In addition, almost half (45%) of those surveyed plan to replace at least one damaged, lost or stolen item this Black Friday.  

November 21, 2014

Alco Stores is offering retailers a cautionary holiday tale this Christmas as going-out-of-business sales have begun at the regional discounter’s 198 locations.

Alco Stores is offering retailers a cautionary holiday tale this Christmas as going-out-of-business sales have begun at the regional discounter’s 198 locations.

November 21, 2014

With consumer surveys and holiday forecasts a dime dozen this time of year, Customer Growth Partners CEO Craig Johnson offers his take on some of the biggest fallacies regarding retail spending.

With consumer surveys and holiday forecasts a dime dozen this time of year, Customer Growth Partners CEO Craig Johnson offers his take on some of the biggest fallacies regarding retail spending.

Customer Growth Partners, a consulting and research firm focused on retail and other consumer industries has determined that the top 10 biggest holiday myths of 2014 are:

November 21, 2014

Walmart is fulfilling its promise earlier this year to make a big investment in solar energy: The retailer has accepted bids from SunEdison and SolarCity to install as many as 400 new solar systems on its facilities over the next four years.  

Walmart is fulfilling its promise earlier this year to make a big investment in solar energy: The retailer has accepted bids from SunEdison and SolarCity to install as many as 400 new solar systems on its facilities over the next four years.  

November 20, 2014

Best Buy shared an optimistic view of the holiday season after posting a 3.2% third quarter comp increase at U.S. stores, but offered plenty of reasons why profitability could prove challenging.

Best Buy shared an optimistic view of the holiday season after posting a 3.2% third quarter comp increase at U.S. stores, but offered plenty of reasons why profitability could prove challenging.

November 19, 2014

Lowe’s said its third quarter same store sales spiked 5.1% a day after Home Depot reported an even stronger increase.

Lowe’s said its third quarter same store sales spiked 5.1% a day after Home Depot reported an even stronger increase.

Total company sales increased 5.6% to $13.7 billion driven by increased productivity of existing stores as evidenced by a 5.1% comp increase. Home Depot said its third quarter same store sales increased 5.8%. Lowe’s profits increased 17.3% to $585 million while earnings per share increased 25.5% to 59 cents and were aided by $900 million in share repurchase activity.

November 19, 2014

Amid an ongoing exploration of strategic alternatives, PetSmart said third quarter sales grew 2.6% thanks to the addition of 36 new stores as same store sales were flat.

Amid an ongoing exploration of strategic alternatives, PetSmart said third quarter sales grew 2.6% thanks to the addition of 36 new stores as same store sales were flat.

November 19, 2014

Same stores sales declined again at Staples North American retail stores in the third quarter, but chairman and CEO Ron Sargent contends the company is gaining momentum on a reinvention strategy.

Same stores sales declined again at Staples North American retail stores in the third quarter, but chairman and CEO Ron Sargent contends the company is gaining momentum on a reinvention strategy.

Sargent is being generous with his usage of the word momentum to describe the performance of the nation’s leading office supplies retailer. The third quarter revealed persistent weakness in retail operations and the international business offset by modest growth in the commercial business.

November 18, 2014

A surprisingly strong 5.8% same store sales increase at Home Depot’s U.S. stores suggests shopper behavior was little affected by revelations of a data breach earlier this year.

Customers at the nation’s largest home improvement retailer appeared to shrug off any concerns about a data breach as Home Depot’s sales increased 5.4% to $20.5 billion. Comparable store sales increased 5.2%, but grew 5.8% at U.S. stores. The increased productivity at existing stores drove profit growth, with earnings increasing to $1.5 billion, or $1.15 per share, compared to $1.4 billion, or $95 cents a share, the prior year.

November 13, 2014

TÜV Rheinland, a global leader in testing, inspection, and certification services, named former Office Depot executive Guillermo Rodriguez to the role of vp North America Retail Management.

TÜV Rheinland, a global leader in testing, inspection, and certification services, named former Office Depot executive Guillermo Rodriguez to the role of vp North America Retail Management.

November 12, 2014

IBM and JDA Software Group have developed an integrated omnichannel supply chain solution to help retailers address what today is arguably the greatest operational challenge facing most retailers.

IBM and JDA Software Group have developed an integrated omnichannel supply chain solution to help retailers address what today is arguably the greatest operational challenge facing most retailers.